Why is the crypto market up today?
The crypto market is up today, reflecting investors’ optimism for eventual interest rate cuts and the DXY’s short-term weakness.
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DeFi DApps activity rises 3.7% in August for first time since May — Report
Despite a slight recovery, DeFi TLV has lost $250 billion this year. 191 Total views 11 Total shares DeFi dapps showed a slight recovery for the first time since May, with the daily average of unique active wallets (UAWs) increasing 3.7% on a month-over-month basis, according to a report from DappRadar. The rise was partially driven by the…
SEC Set to Begin Fresh Consultation Period on CBOE-VanEck Bitcoin ETF
United States regulator the Securities and Exchange Commission (SEC) says it will shortly commence the countdown period to approval or disapproval of the VanEck/SolidX Bitcoin exchange-traded fund (ETF). The news was announced in an unpublished notice that was filed on Feb. 19.The move is the latest in a series of back-and-forth exchanges between the SEC…
Ethereum to $2K? ETH price ‘bull flag’ hints at September gains versus Bitcoin, dollar
Ethereum's native token, Ether (ETH), looks ready to grow stronger compared to the U.S. dollar and Bitcoin (BTC) in the days leading up to its proof-of-stake transition in September.ETH price chart bullish setupThe bullish outlook emerges from classic technical indicators on ETH/USD and ETH/BTC charts. For instance, ETH/USD has been forming a "falling wedge" pattern with…
Former Manchester United players to launch soccer-centric DAO
The Singapore billionaire duo has vast experience in sports and blockchain investments and has already launched a similar product endorsed by Cristiano Ronaldo. 548 Total views 5 Total shares Former Manchester United legends Gary Neville and Paul Scholes are teaming up to launch a one-of-a-kind sports-centric DAO (decentralized autonomous organization) that would allow fans to…
Investors’ on-chain activity hints at Bitcoin price cycle top above $166,000
After breaking out of the two-months ascending triangle, the price of Bitcoin (BTC) is firmly staying above $60,000. Current on-chain volume suggests investors are still strongly buying Bitcoin at current price levels.Furthermore, the current price is not even close to a short-term price top when comparing to historic network valuation multiples.BTC price bull run not…
Binance tightens rules on NFT listings
The exchange will delist NFTs with low trading volume and listed prior to new KYC rules starting February. 143 Total views 1 Total shares Own this piece of history Collect this article as an NFTAccording to a Jan. 19 announcement by Binance, the cryptocurrency exchange has tightened its rules for nonfungible tokens, or NFT, listings. Starting…
Huobi employees revolt, GameFi lives, Antminer on steroids: Asia Express
Our weekly roundup of news from East Asia curates the industry’s most important developments. Huobi’s disgruntled employees According to local media reports, cryptocurrency exchange Huobi Global has terminated all year-end employee bonuses and benefits, as well as axed its entire core development staff located in mainland China. The laid-off staff will be instead switched to…
Korea’s LG Launches Blockchain Supply Chain Platform for School Lunches
LG CNS, a subsidiary of South Korean multinational conglomerate LG Corp., will apply blockchain to foster supply chain transparency for school cafeteria lunches. The news was reported by business technology site ZDNet on July 9.The new system — created in collaboration with local IT service provider SayIT — will be based on LG’s proprietary blockchain…